The Government forecasts the arrival of more than 2,000 million euros from the EU
The Balearic Islands are the Autonomous Community that, by the end of 2022, has managed to attract the most resources in proportion to its population weight from the Recovery and Resilience Mechanism within the framework of the NextGenerationEU programme, with 729.7 million euros per inhabitant.
As indicated in the latest monitoring report of the Recovery, Transformation and Resilience Plan, the Autonomous Communities, local councils and other local entities are playing a fundamental role in the implementation of the European funds that are already being distributed.
Since the end of 2020, the different ministries have maintained an intense process of dialogue with the territorial administrations, through sectoral conferences and other instruments, which has made it possible to agree on both the amount to be transferred and the distribution criteria.
Moreover, the estimates made by the Government’s Strategic Investment Office show that these good figures are only the beginning since the forecasts point to an increase in the arrival of resources from the European Union to more than 2,000 million euros over the next four years.
According to the OIE, the NextGeneration funds attributable to the Balearic Islands, adding together the formal agreements and the commitments not yet formalised, exceed 1,550 million. To this must be added other channels for the arrival of EU funds to the Islands, such as the investments directly managed by the State in the islands (170 million so far), the ERDF and ESF programming for the period 2021-2027 (251 million) and other channels such as the recently approved Just Transition Fund (17.4 million more).
In fact, the amount of these resources is growing by the day. Only in the last week, we have known about the award of 8.6 million euros to Balearic companies for projects related to the decarbonisation and digitisation of freight transport, the award of 3 million for three projects aimed at the ecological and digital transition by the UIB, the IMEDEA and the IEO and the allocation of 55.2 million to develop 13 tourism sustainability plans.
On the other hand, the UIB has been confirmed as the first university in Spain to become a collaborating member of AESEMI to promote communication between companies and academia and to start working on specific training in the microelectronics and semiconductor sector, within the framework of PERTE Chip.